16333 Lecture Notes - Lecture 8: Land Values, Land Value Tax, Isaac Isaacs
Document Summary
Tax paid directly proportional to services received / used. Closely aligned to user pay where a direct link between the price paid and for the use of a service provided: capacity to pay principle. Tax paid as a proportion of the value of ones property. Tax paid as a proportion of ones income. Benefits of earmarking land taxes to infrastructure in australia. Components of lvt: what is the discretionary component in lvt. Unit (individual, co / trust) ltm act 1956. Rate in . 00 statutorily defined ltm act 1956. Threshold (determined by aggregate movement in values across nsw excluding rural land) ltm act s62tba & tbc: base = land value 6a valuation of land act 1916 (how is land defined for rating & taxing purposes) What is land value: spencer v. commonwealth 1907 s6a valuation of land act 1916, principles of good tax design", all of the above. Land value taxation & valuation: land: key attributes.
